Member Info for Spikeyj

well, plenty of different pundits out there to draw on for whatever oil price prediction you want to find... world bank currently forecasting $55/barrel brent in 2017, while US energy info admin saying $51. plenty of scope for them and goldman to be well wrong either up or down, lol. shell seems to be shaping up well for cash flow for medium / longer term pricing averaging $50+. mugs game trying to outguess market on short term oil price moves -- been volatile, will remain volatile! & opec seems nearly defunct. but the market pricing of shell is to do with expectations, year on year looking well forward about what returns will be, *not* simply about the spot price. shell share price already reflects fair bit of priced in fear about low PoO, with possible divi trim. it's a possibilty, no doubt, but so too is hanging tough. good news for hedgies, price spike today offers him an attractive price point to add to his short?

indeed, that's a pretty big drawback. only moral i can see, government made a big mistake encouraging smaller investors to dabble in AIM through changes in isas & pensions.

lol.

"Nice convenient way for AIM to remove a troublesome company don't you think." yes. ... in a way, that's part of the defence mechanism to protect the wider investing community from this financial black hole, but that's no comfort to holders.

presumably, so is hedgies, otherwise he would have picked another time to short. .. results also give a taste of why they went so hard after bg. i'm not an oil bull at all, but i do think they will get $50+ in 2017.

http://www.bloomberg.com/news/articles/2016-11-01/shell-profit-rises-17-after-bg-purchase-countering-oil-s-slump "Shell expects capital investment to be about $25 billion in 2017, at the bottom of its $25 billion to $30 billion guidance and lower than this year’s $29 billion. The company generated $8.5 billion of cash from operations in the third quarter and sold $200 million of assets. “The beat is showing the accretive nature of the BG portfolio and the low-cost barrels Shell has got,” said Oswald Clint, a London-based analyst at Sanford C. Bernstein & Co. “Cash flow was also well above expectations and the market will be looking at that. They could balance their books at $50 oil next year.”"

http://www.thetimes.co.uk/edition/business/biotechs-scramble-to-avoid-tariffs-6rgxv5khs

BoD: "so long and thanks for the money"

take a look at the news item about problems with head and neck drug trial: http://www.lse.co.uk/ShareNews.asp?shareprice=AZN&code=umbbh77k&headline=UPDATE_1AstraZeneca_pauses_two_cancer_drug_trials_enrolment_due_to_bleeding

blackrock increases, now above 10% in jlg.

yes, atb & gl.

woody has certainly lost some reputation points on this one with his usual loyal army. ... shades of bolton going into china, lol.

.. is that in addition to your thursday buyback at 16.50?

nice bit of blue on a rather red day. nearly enough to make a pair of sailor's trousers, well, if tailored by jeanpaul gaultier.

day for the pharmas .. us pricing worries really biting pre nov.

market seems distinctly unimpressed with those q3 results, sp is saying.

".. and we keep our investment in them then we could potentially sell it for multiples down the line." goooba, at the moment there is only a loan, not an equity stake in bigsofa. so even if bigsofa soared, there would be no multiples for new. so a first step would have to be converting the 'short term' loans to bigsofa into longer term *equity* of some kind, e.g. converting to CLNs? but that would of course be much more risky for the remaining assets of new than simply hanging onto the secured debt -- i don't know what the legal position might be for new BoD to gamble some remaining assets on a higher risk of non-return, when new already knows it faces potential legals challenge by others to recover monies; perhaps BoD might be advised, more prudent to keep debt which is supposedly secured?) be interested to hear a view from someone with more legal background than myself.

1) company drives a hard bargain with bigsofa, i.e. in exchange for not demanding return of that £600K loan immediately, bigsofa adds in some generous equity upside in favour of new ... renegotiate the loan into a CLN with good coupon + attractive strike price for new. 2) new delists then goes into sleeper mode, hoping & waiting ... 3) ... for bigsofa to become a rip-roaring success, when new is rescued by upside from its bigsofa convertibles. ... but depends on bigsofa actually coming good, & presumably much harder for b/s to do well & raise additional funding from others with extra CLN debt. the one plus new has on its side here, is presumably that bigsofa will do whatever it can to avoid having that loan called in immediately, which would sink it.

.. or perhaps both, if we're unlucky, eh?

et voila chemist, here is weakness.